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Question 3.8 Mary is saving money for her retirement. She needs $750,000 in 10 years to purchase a retirement apartment in Florida. She invests X

image text in transcribed Question 3.8 Mary is saving money for her retirement. She needs $750,000 in 10 years to purchase a retirement apartment in Florida. She invests X now, X5,000 in 1 year, X10,000 in 2 years, and so on, down to X45,000 in 9 years. Using an annual effective rate of interest of 5%, find X

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